Which Finding Have Economists Who Study Labour Markets Discovered

question 117

Multiple Choice

Which finding have economists who study labour markets discovered

• A)Chance is difficult to measure, but only about five percent of wage differences are related to chance.
• B)Ability is not difficult to measure, but it is largely insignificant in explaining wage differences.
• C)Work effort is difficult to measure, but it is not likely to contribute much to an explanation of wage differences.
• D)Ability, effort, and chance are all likely to be significant contributors to wage differences.

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Definitions:

Habitual

Pertaining to behaviors or actions that are performed regularly and become automatic or routine.

Life Narrative

The story a person constructs and tells about their life, encompassing past experiences, current identity, and future goals.

Personality Trait Levels

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Levels of Narcissism

Refers to the spectrum of narcissistic traits exhibited by an individual, ranging from healthy self-esteem to pathological narcissism.